Purchasing Power and Trade Depression: A Critique of Under-consumption Theories
"Appendix. The views of Major Douglas and certain other gentlemen": pages 179-191."This short essay is to be published under a different title and with slight modifications as a pamphlet by the New Fabian research bureau."
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amount analysis appear argument assume assumption bananas banks become begin cause cent chapter circulation commodities concerned conclusion condition constant consumer's income consumers continue contraction costs costs of production course credits crisis decline demand for capital depression economic system effect element equal equilibrium examine existing expansion factors of production fall final finished follows fraction Hayek Hence hold important income increase increase of saving industrial industrial system inflation investment involves Keynes labour less level of consumption losses maintained mean ment monetary necessary once output payments period physical position possible price level production of capital production of consumption profits proportion purchasing power quantity Rate of Interest Rate of Saving reason reduce relative rise spending spent stages structure sumption theories of under-consumption theory Trade Cycle true types unemployment whole